Are you an entrepreneur in Nigerian and an ardent follower of the new digital payment system – cryptocurrency? Then this news about Nigeria’s leading startup, Paychant (a digital startup that helps simplifies the Bitcoin payments in Nigeria) is for you.
The startup company explains it provides online and offline businesses with an easy way of accepting cryptocurrency payments, giving them access to a growing number of consumers who want to pay using digital currencies like Bitcoin and other cryptocurrencies.
According to Paychant:
“All Bitcoin payments are processed in real-time, giving their users the comfort of low transaction fees that unlike the mainstream payment gateways.”
The company added:
“Although the crypto market has never been so stable in terms of its value, that is why we have set in place a system that instantly converts crypto to fiat money – a currency without intrinsic value that has been established as money, often by government regulation.”
An integral part of the company’s value-chain is ensuring that the process of accepting cryptocurrency payments is straightforward and that no prior experience of cryptocurrency or blockchain technology is needed by the merchants – this obviously will induce more people to use the platform.
Another interesting plus for merchants using Paychant is that the platform doesn’t require any instruction on how to use the payment method, as the system is designed in a way that they are familiar with. This way, merchants find it super easy to accept digital payments in a myriad of ways.
To register for Paychant, click here!
On the platform, merchants can either choose to receive their payout in Nigeria’s local currency (NGN) i.e bank transfer or get settled in cryptocurrency. For merchants who want to be settled by a bank, the Paychant process payout to all the 22 commercial banks that is available in Nigeria, the transfer is initiated based on merchants’ requests.
The company explained:
“A big benefit of crypto payment is that it makes moving around huge sums of money cheap, and all these points to a future of a cashless community that uses digital currencies.”
Here are various means to accept crypto payment on Paychant:
- Payment Page: Users on Paychant can simply create a Payment Page to accept
- E-commerce Store: Merchants can create a free customize e-commerce store that is integrated with an in-built cryptocurrency payment gateway, no developer is needed for this.
- Point-of-Sale (POS): Paychant provides a Point-of-Sale (POS) application that supports Bitcoin and Ether payments (cryptocurrency payments generated by the Ethereum platform and used to compensate mining nodes for computations performed), which allows merchants to accept direct crypto payments in their physical store or shop. The application is available on Apple’s app store and Google’s Playstore.
- Donation Page: A donation page that lets individuals and charitable organizations accept/raise funds in cryptocurrency.
- API Integration: A simple integration for businesses to accept Bitcoin and other cryptocurrency payments on their website.
No doubt, Paychant is setting a positive trend that is unique from the perspective of Nigeria because the company is clear as per what her vision for Nigerian entrepreneurs is.
“Our vision is to continue our work until we reach a stage where we will become a household name, a product of daily needs to people in Nigeria.” Paychant added.
For more info on Paychant, visit the startup’s official website here: https://paychant.com
For more related news on Blockchain, Cryptocurrency and Bitcoin, click here!
